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WTF Happened in 1971?

In a recent spillover of internet-based long-form intellectual new media into the mainstream, Eric Weinstein appeared as a guest on Ted Cruz's podcast. Eric was well prepared. Cruz played the role of a charitable and engaged critic while avoiding direct confrontation.
The conservation laid bare the intersection of the anti-corporate socialist left and anti-government libertarian right and the potential of these forces as a combined political interest. There was a strong sense of shared acknowledgement of the current crisis and they touched on all the culture war aspects. But I'm more interested in what Eric has pointed to now several times as the root cause of the systemic decline, and what seems to be the original trigger for the slow decay and building of tension that has ultimately led to the rise of darker elements on both the left and right that we see today: a Great Decoupling of productivity (GDP) and wage growth in the early 1970's. The significance of this time period has also been highlighted by Eric's boss, Peter Thiel.
We are referred to https://wtfhappenedin1971.com/, where a collection of charts give the impression that a profound change in the foundations of the economy took place, effectively causing a divergence of all kinds of metrics related to equality, wealth creation, the complexity of regulation, and implicitly downstream effects like political polarization, incarceration rates, and age of marriage.
The simple, seemingly persuasive answer is that the effective cancellation of the gold standard set us on a path towards borrowing ever larger sums to avert financial crises as they arise, and the return to a currency backed by something provably scarce, i.e. bitcoin, is a solution.
I can't say I'm convinced it's that simple. And Eric doesn't mention currency specifically as the problem.
So what I want to know is, was 1971 a real inflection point, the real root of inequality and dysfunction we see today? Was the removal of limits on the Fed's ability to print money a mistake? Or was there some other government action or change at that time that was the real cause? Do we need to let stock market crashes happen from time to time?
A year ago, u/gwern posted a 1986 Atlantic article that described a lot of the problems in black America that are still around 4 decades later and offered more in the way of nuance and insight than most of the discourse we see today. What struck me on revisiting it was how the timing of the decline of Chicago aligns with the early 1970's trigger hypothesis:
In 1970 thirty-seven percent of the population of the area was below the poverty line; in 1980 the figure was 51 percent. In 1970 the unemployment rate was 9.5 percent; in 1980 it was 24.2 percent. In 1970 forty percent of the residents of the neighborhood lived in families with a female head; in 1980 the number had grown to 72 percent. In 1980 of the 54,000 residents 33,000 were on welfare. Experts agree that all of the numbers are even worse today.
My mental model for social issues is that they are mostly rooted in economics. If you have a society that generates wealth, you can pay teachers, doctors, and police well enough to attract competent candidates and the competition necessary to create real expertise. You can afford to build and maintain good infrastructure and spend time on figuring out how to best help the disadvantaged. You have the resources to advance technology and support the arts. You get all the positive feedback loops that come with this.
When wealth generation becomes concentrated and restricted, public institutions start to struggle, people feel they have less opportunity, and social issues start to bubble up like the formation of outgroups of all kinds. A massive oversimplifation, I know, but a useful general framework to approaching issues that avoids (mis)placing blame on cultural degeneracy, "evil" corporations, or other common scapegoats that are largely symptoms of greater problems.
Today, this mindset seems to align with the conservative right, but in the 1986 article it's the "liberal answer" to the problem of ghettos that I identify with:
In Chicago the harbinger of the change was the closing in the late fifties of the stockyards, which for half a century were the sine qua non of lower-class grunt work and a heavy employer of blacks. Chicago lost 200,000 jobs in the seventies; small shut-down redbrick factories that used to make products like boxes and ball bearings dot the city, especially the West Side. The lack of jobs, the argument continues, caused young men in the ghetto to adopt a drifting, inconstant life; to turn to crime; to engage in exaggeratedly macho behavior -- acting tough, not studying, bullying women for money -- as a way to get the sense of male strength that their fathers had derived from working and supporting families. As Murray believes that one simple step, ending all welfare programs, would heal the ghettos, the unemployment school believes that another simple step, jobs, would heal them. "When there's a demand for the participation of the black underclass in the labor force, most of the so-called problems people talk about will evaporate in a generation," says John McKnight. an urban-research professor at Northwestern University.
Indeed, Mr. McKnight. And up until this spring, it looked like the Trump presidency's aggressively pro-jobs and pro-American workers policy was showing promise of vindicating this view - the presence of BLM and racial tensions leading up to 2016 had all but subsided by 2018-2019. I wonder just how little backlash the George Floyd incident would have caused if the pandemic hadn't undone the economic progress of the past 3 years.
Mind you, that "progress" was but a tiny step in the right direction in terms of improving wages and opportunities for the lowest earners. And for all the times the "audit the fed" meme hit the top of the_donald, it now seems impossible that the current administration has any capability or willingness to take the drastic steps needed to address the real root cause that apparently started 50 years ago. To do that, we may need an actual revolution.
submitted by curious-b to TheMotte [link] [comments]

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Coinbase support number 1844-699-6794 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located. #@$#@YUYIUO
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Coinbase pro support number 1844-699-6794 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Coinbase support number 1844-699-6794's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Coinbase pro support number 1844-699-6794 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
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There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Coinbase support number 1844-699-6794's headquarters?
This seemingly simple question is actually more complex. Until February, Coinbase support number 1844-699-6794 was considered to be based in Malta. That changed when the island European nation announced that, no, Coinbase support number 1844-699-6794 is not under its jurisdiction. Since then Coinbase support number 1844-699-6794 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
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The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Coinbase support Service number 1844-699-6794 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.
"Wherever I sit, is going to be the Coinbase support number 1844-699-6794 office. Wherever I need somebody, is going to be the Coinbase support number 1844-699-6794 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
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Coinbase Pro Helpline Number Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
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Zhao said Coinbase support number 1844-699-6794 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
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Coinbase Pro Helpline Number In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
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Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
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Coinbase Phone support number 1844-699-6794 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Coinbase support number 1844-699-6794 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Coinbase support number 1844-699-6794, announced that the exchange had frozen the funds. He also added that Coinbase Helpline support number 1844-699-6794 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
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Coinbase support number 1844-699-6794 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located. #@$#@YUYIUO
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Coinbase pro support number 1844-699-6794 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Coinbase support number 1844-699-6794's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Coinbase pro support number 1844-699-6794 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Coinbase support number 1844-699-6794's headquarters?
This seemingly simple question is actually more complex. Until February, Coinbase support number 1844-699-6794 was considered to be based in Malta. That changed when the island European nation announced that, no, Coinbase support number 1844-699-6794 is not under its jurisdiction. Since then Coinbase support number 1844-699-6794 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Coinbase support Service number 1844-699-6794 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.
"Wherever I sit, is going to be the Coinbase support number 1844-699-6794 office. Wherever I need somebody, is going to be the Coinbase support number 1844-699-6794 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
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Coinbase Pro Helpline Number Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
Zhao said Coinbase support number 1844-699-6794 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
Coinbase Support Number
Coinbase Pro Support Number
Coinbase Helpline Number
Coinbase Customer Service Number
Coinbase Compailnt Number
Coinbase Pro Helpline Number
Coinbase Phone support number 1844-699-6794 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Coinbase support number 1844-699-6794 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Coinbase support number 1844-699-6794, announced that the exchange had frozen the funds. He also added that Coinbase Helpline support number 1844-699-6794 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
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For Trading April 8th

For Trading April 8th
STOCKS RUN OUT OF GAS
Oil Falls, Again
Today was a somewhat “restive” day, and while we moved for a total of over 315 S&P-500 points, it felt pretty good to have a barely changed day. The DJIA went from +937 to close 1,000 lower @-26.13 (.12%), NASDAQ -25.98 (.33%), S&P 500 -4.27 (.19%), the Russell +.39 (.03%) and the DJ Transports +27.80 (.35%). Market internals were about as you would expect for an unchanged day with NYSE A/D 2.3:1 and NASDAQ 1.3:1 with an increase in volume. DJIA was 15:15 with NO triple-digit gains or losses and the leader, GS +53 DP’s with the losers BA -49, PG -34, and WMT -27 DP’s. The strongest groups Energy (although the oil fell 7%, Financials, real estate, materials and industrials. Consumer staples and health care were weak. The early strength was from the possible leveling off of the virus cases and the momentum from yesterday. The large cap technology names were weak from the start, but it’s awfully hard to top the day AAPL had yesterday +21.00 (8.72%). But the group gave up whatever gains it had by late afternoon with the only gainers being TSLA, FB, and AMZN (up only .40%). The interesting thing today was the fact that the US$ was weak (-.8%) but both Oil and Gold were also lower. This is tonight’s closing comment: https://youtu.be/8HoUm75j8Eg
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: Of all the names that moved higher yesterday in the virus treatment area the only IMMU, which doubled, managed to hold on to its gains finishing $18.91 +.13. Inovio (INO) rallied up to $9.20 but fell back to 7.93 before closing $8.27 -.17 (2.01%), CODX, +2.11 or 26% yesterday also gave back half of it’s gain to close $9.09 -1.22 (11.83%).
It was only a matter of time before someone would find a “ventilator” manufacturer, but today, DPW Holdings, manufacturer of its Coolisys Power Electronics division received a major order last week and today announced that it had increased its offshore manufacturing capacity and that a customer was increasing an order. The stock was up 85% last week and today it traded up to $1.95 before finishing the day $1.54 +.74 for a 92.50% gain.
BIOPHARMA: was LOWER with BIIB -10.18, ABBV -.58, REGN -2.76, ISRG -12.24, MYL+ .64, TEVA +.20, VRTX -8.30, BHC +.58, INCY +1.55, ICPT +.65, LABU -1.47, and IBB $109.63 -2.08 (1.86%).
CANNABIS: This group was HIGHER with TLRY +.44, CGC +.21, CRON -.17, GWPH + 5.17 (5.97%), ACB +.01, PYX -.34, NBEV -.06, CURLF +.08, KERN +.10 and MJ $11.00 +.04 (.36%).
DEFENSE: was LOWER with LMT -10.45, RTX +.68, GD -.04, TXT -.72, NOC -6.93, BWXT -.83, TDY +6.73, and ITA $147.40 +.54 (.37%).
RETAIL: was HIGHER with M +.27, JWN +1.94, KSS +3.07, DDS +1.87, JCP +.01, WMT -2.98, TGT +.64, TJX +.34, RL +5.19 (7.57%), UAA +.53, LULU +.05, TPR +1.43, CPRI +2.16 and XRT $31.00 +.79 (2.62%).
FAANG and Big Cap: were MIXED with GOOGL +.81, AMZN +12.41, AAPL -2.47, FB +4.20, NFLX -6.51, NVDA -8.40, TSLA +33.63 (6.51%), BABA -2.95, BIDU -2.45, BA -4.28, CAT +4.35, DIS +.42 and XLK $82.95 -.75 (.90%).
FINANCIALS were HIGHER with GS the leader +9.73(6.15%), JPM +1.53, BAC +.83, MS +.23, C +.52, PNC -1.24, TRV +1.35, AXP +4.13 (4.92%) and XLF $21.25 +.21 (1.00%).
OIL, $23.63 -2.45. The explosive moves in Oil recently has seemed to run its course and today’s drop cut the gains by a touch more than half. The stocks did not feel the effects of the price and most were higher. XOM cut spending and said that their fundamental underpinnings remain strong. CVX +1.00, XOM +.91, OXY +.61, NBL +.11, MRO +.14, MPC -.19, RIG +.08, APA +.71, BP -.05 and XLE $32.08 +.67 (2.13%).
METALS, GOLD: $1,683.70 -10.20. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1742 before falling back to close $60 off the highs and below $1700. I would be a buyer a bit lower than today’s close.
BITCOIN: closed $7,330 unchanged. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.67 -.28 today.
Tomorrow is another day.
CAM
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Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?

Crypto Banking Wars: Will Coinbase or Binance Become The Bank of The Future?
Can the early success of major crypto exchanges propel them to winning the broader consumer finance market?
https://reddit.com/link/i48t4q/video/v4eo10gom7f51/player
This is the first part of Crypto Banking Wars — a new series that examines what crypto-native company is most likely to become the bank of the future. Who is best positioned to reach mainstream adoption in consumer finance?
While crypto allows the world to get rid of banks, a bank will still very much be necessary for this powerful technology to reach the masses. We believe a crypto-native company, like Genesis Block, will become the bank of the future.
In an earlier series, Crypto-Powered, we laid out arguments for why crypto-native companies have a huge edge in the market. When you consider both the broad spectrum of financial use-cases and the enormous value unlocked through these DeFi protocols, you can see just how big of an unfair advantage blockchain tech becomes for companies who truly understand and leverage it. Traditional banks and fintech unicorns simply won’t be able to keep up.
The power players of consumer finance in the 21st century will be crypto-native companies who build with blockchain technology at their core.
The crypto landscape is still nascent. We’re still very much in the fragmented, unbundled phase of the industry lifecycle. Beyond what Genesis Block is doing, there are signs of other companies slowly starting to bundle financial services into what could be an all-in-one bank replacement.
So the key question that this series hopes to answer:
Which crypto-native company will successfully become the bank of the future?
We obviously think Genesis Block is well-positioned to win. But we certainly aren’t the only game in town. In this series, we’ll be doing an analysis of who is most capable of thwarting our efforts. We’ll look at categories like crypto exchanges, crypto wallets, centralized lending & borrowing services, and crypto debit card companies. Each category will have its own dedicated post.
Today we’re analyzing big crypto exchanges. The two companies we’ll focus on today are Coinbase (biggest American exchange) and Binance (biggest global exchange). They are the top two exchanges in terms of Bitcoin trading volume. They are in pole position to winning this market — they have a huge existing userbase and strong financial resources.
Will Coinbase or Binance become the bank of the future? Can their early success propel them to winning the broader consumer finance market? Is their growth too far ahead for anyone else to catch up? Let’s dive in.
https://preview.redd.it/lau4hevpm7f51.png?width=800&format=png&auto=webp&s=2c5de1ba497199f36aa194e5809bd86e5ab533d8

Binance

The most formidable exchange on the global stage is Binance (Crunchbase). All signs suggest they have significantly more users and a stronger balance sheet than Coinbase. No other exchange is executing as aggressively and relentlessly as Binance is. The cadence at which they are shipping and launching new products is nothing short of impressive. As Tushar Jain from Multicoin argues, Binance is Blitzscaling.
Here are some of the products that they’ve launched in the last 18 months. Only a few are announced but still pre-launch.
Binance is well-positioned to become the crypto-powered, all-in-one, bundled solution for financial services. They already have so many of the pieces. But the key question is:
Can they create a cohesive & united product experience?

Binance Weaknesses

Binance is strong, but they do have a few major weaknesses that could slow them down.
  1. Traders & Speculators Binance is currently very geared for speculators, traders, and financial professionals. Their bread-and-butter is trading (spot, margin, options, futures). Their UI is littered with depth charts, order books, candlesticks, and other financial concepts that are beyond the reach of most normal consumers. Their product today is not at all tailored for the broader consumer market. Given Binance’s popularity and strength among the pro audience, it’s unlikely that they will dumb down or simplify their product any time soon. That would jeopardize their core business. Binance will likely need an entirely new product/brand to go beyond the pro user crowd. That will take time (or an acquisition). So the question remains, is Binance even interested in the broader consumer market? Or will they continue to focus on their core product, the one-stop-shop for pro crypto traders?
  2. Controversies & Hot Water Binance has had a number of controversies. No one seems to know where they are based — so what regulatory agencies can hold them accountable? Last year, some sensitive, private user data got leaked. When they announced their debit card program, they had to remove mentions of Visa quickly after. And though the “police raid” story proved to be untrue, there are still a lot of questions about what happened with their Shanghai office shut down (where there is smoke, there is fire). If any company has had a “move fast and break things” attitude, it is Binance. That attitude has served them well so far but as they try to do business in more regulated countries like America, this will make their road much more difficult — especially in the consumer market where trust takes a long time to earn, but can be destroyed in an instant. This is perhaps why the Binance US product is an empty shell when compared to their main global product.
  3. Disjointed Product Experience Because Binance has so many different teams launching so many different services, their core product is increasingly feeling disjointed and disconnected. Many of the new features are sloppily integrated with each other. There’s no cohesive product experience. This is one of the downsides of executing and shipping at their relentless pace. For example, users don’t have a single wallet that shows their balances. Depending on if the user wants to do spot trading, margin, futures, or savings… the user needs to constantly be transferring their assets from one wallet to another. It’s not a unified, frictionless, simple user experience. This is one major downside of the “move fast and break things” approach.
  4. BNB token Binance raised $15M in a 2017 ICO by selling their $BNB token. The current market cap of $BNB is worth more than $2.6B. Financially this token has served them well. However, given how BNB works (for example, their token burn), there are a lot of open questions as to how BNB will be treated with US security laws. Their Binance US product so far is treading very lightly with its use of BNB. Their token could become a liability for Binance as it enters more regulated markets. Whether the crypto community likes it or not, until regulators get caught up and understand the power of decentralized technology, tokens will still be a regulatory burden — especially for anything that touches consumers.
  5. Binance Chain & Smart Contract Platform Binance is launching its own smart contract platform soon. Based on compatibility choices, they have their sights aimed at the Ethereum developer community. It’s unclear how easy it’ll be to convince developers to move to Binance chain. Most of the current developer energy and momentum around smart contracts is with Ethereum. Because Binance now has their own horse in the race, it’s unlikely they will ever decide to leverage Ethereum’s DeFi protocols. This could likely be a major strategic mistake — and hubris that goes a step too far. Binance will be pushing and promoting protocols on their own platform. The major risk of being all-in on their own platform is that they miss having a seat on the Ethereum rocket ship — specifically the growth of DeFi use-cases and the enormous value that can be unlocked. Integrating with Ethereum’s protocols would be either admitting defeat of their own platform or competing directly against themselves.

Binance Wrap Up

I don’t believe Binance is likely to succeed with a homegrown product aimed at the consumer finance market. Their current product — which is focused heavily on professional traders and speculators — is unlikely to become the bank of the future. If they wanted to enter the broader consumer market, I believe it’s much more likely that they will acquire a company that is getting early traction. They are not afraid to make acquisitions (Trust, JEX, WazirX, DappReview, BxB, CoinMarketCap, Swipe).
However, never count CZ out. He is a hustler. Binance is executing so aggressively and relentlessly that they will always be on the shortlist of major contenders.
https://preview.redd.it/mxmlg1zqm7f51.png?width=800&format=png&auto=webp&s=2d900dd5ff7f3b00df5fe5a48305d57ebeffaa9a

Coinbase

The crypto-native company that I believe is more likely to become the bank of the future is Coinbase (crunchbase). Their dominance in America could serve as a springboard to winning the West (Binance has a stronger foothold in Asia). Coinbase has more than 30M users. Their exchange business is a money-printing machine. They have a solid reputation as it relates to compliance and working with regulators. Their CEO is a longtime member of the crypto community. They are rumored to be going public soon.

Coinbase Strengths

Let’s look at what makes them strong and a likely contender for winning the broader consumer finance market.
  1. Different Audience, Different Experience Coinbase has been smart to create a unique product experience for each audience — the pro speculator crowd and the common retail user. Their simple consumer version is at Coinbase.com. That’s the default. Their product for the more sophisticated traders and speculators is at Coinbase Pro (formerly GDAX). Unlike Binance, Coinbase can slowly build out the bank of the future for the broad consumer market while still having a home for their hardcore crypto traders. They aren’t afraid to have different experiences for different audiences.
  2. Brand & Design Coinbase has a strong product design team. Their brand is capable of going beyond the male-dominated crypto audience. Their product is clean and simple — much more consumer-friendly than Binance. It’s clear they spend a lot of time thinking about their user experience. Interacting directly with crypto can sometimes be rough and raw (especially for n00bs). When I was at Mainframe we hosted a panel about Crypto UX challenges at the DevCon4 Dapp Awards. Connie Yang (Head of Design at Coinbase) was on the panel. She was impressive. Some of their design philosophies will bode well as they push to reach the broader consumer finance market.
  3. USDC Stablecoin Coinbase (along with Circle) launched USDC. We’ve shared some stats about its impressive growth when we discussed DeFi use-cases. USDC is quickly becoming integrated with most DeFi protocols. As a result, Coinbase is getting a front-row seat at some of the most exciting things happening in decentralized finance. As Coinbase builds its knowledge and networks around these protocols, it could put them in a favorable position to unlock incredible value for their users.
  4. Early Signs of Bundling Though Coinbase has nowhere near as many products & services as Binance, they are slowly starting to add more financial services that may appeal to the broader market. They are now letting depositors earn interest on USDC (also DAI & Tezos). In the UK they are piloting a debit card. Users can now invest in crypto with dollar-cost-averaging. It’s not much, but it’s a start. You can start to see hints of a more bundled solution around financial services.

Coinbase Weaknesses

Let’s now look at some things that could hold them back.
  1. Slow Cadence In the fast-paced world of crypto, and especially when compared to Binance, Coinbase does not ship very many new products very often. This is perhaps their greatest weakness. Smaller, more nimble startups may run circles around them. They were smart to launch Coinbase Ventures where tey invest in early-stage startups. They can now keep an ear to the ground on innovation. Perhaps their cadence is normal for a company of their size — but the Binance pace creates quite the contrast.
  2. Lack of Innovation When you consider the previous point (slow cadence), it’s unclear if Coinbase is capable of building and launching new products that are built internally. Most of their new products have come through acquisitions. Their Earn.com acquisition is what led to their Earn educational product. Their acquisition of Xapo helped bolster their institutional custody offering. They acqui-hired a team to help launch their staking infrastructure. Their acquisition of Cipher Browser became an important part of Coinbase Wallet. And recently, they acquired Tagomi — a crypto prime brokerage. Perhaps most of Coinbase’s team is just focused on improving their golden goose, their exchange business. It’s unclear. But the jury is still out on if they can successfully innovate internally and launch any homegrown products.
  3. Talent Exodus There have been numerous reports of executive turmoil at Coinbase. It raises a lot of questions about company culture and vision. Some of the executives who departed include COO Asiff Hirji, CTO Balaji Srinivasan, VP & GM Adam White, VP Eng Tim Wagner, VP Product Jeremy Henrickson, Sr Dir of Eng Namrata Ganatra, VP of Intl Biz Dan Romero, Dir of Inst Sales Christine Sandler, Head of Trading Hunter Merghart, Dir Data Science Soups Ranjan, Policy Lead Mike Lempres, Sr Compliance Vaishali Mehta. Many of these folks didn’t stay with Coinbase very long. We don’t know exactly why it’s happening —but when you consider a few of my first points (slow cadence, lack of innovation), you have to wonder if it’s all related.
  4. Institutional Focus As a company, we are a Coinbase client. We love their institutional offering. It’s clear they’ve been investing a lot in this area. A recent Coinbase blog post made it clear that this has been a focus: “Over the past 12 months, Coinbase has been laser-focused on building out the types of features and services that our institutional customers need.” Their Tagomi acquisition only re-enforced this focus. Perhaps this is why their consumer product has felt so neglected. They’ve been heavily investing in their institutional services since May 2018. For a company that’s getting very close to an IPO, it makes sense that they’d focus on areas that present strong revenue opportunities — as they do with institutional clients. Even for big companies like Coinbase, it’s hard to have a split focus. If they are “laser-focused” on the institutional audience, it’s unlikely they’ll be launching any major consumer products anytime soon.

Coinbase Wrap Up

At Genesis Block, we‘re proud to be working with Coinbase. They are a fantastic company. However, I don’t believe that they’ll succeed in building their own product for the broader consumer finance market. While they have incredible design, there are no signs that they are focused on or capable of internally building this type of product.
Similar to Binance, I think it’s far more likely that Coinbase acquires a promising young startup with strong growth.

Honorable Mentions

Other US-based exchanges worth mentioning are Kraken, Gemini, and Bittrex. So far we’ve seen very few signs that any of them will aggressively attack broader consumer finance. Most are going in the way of Binance — listing more assets and adding more pro tools like margin and futures trading. And many, like Coinbase, are trying to attract more institutional customers. For example, Gemini with their custody product.

Wrap Up

Coinbase and Binance have huge war chests and massive reach. For that alone, they should always be considered threats to Genesis Block. However, their products are very, very different than the product we’re building. And their approach is very different as well. They are trying to educate and onboard people into crypto. At Genesis Block, we believe the masses shouldn’t need to know or care about it. We did an entire series about this, Spreading Crypto.
Most everyone needs banking — whether it be to borrow, spend, invest, earn interest, etc. Not everyone needs a crypto exchange. For non-crypto consumers (the mass market), the differences between a bank and a crypto exchange are immense. Companies like Binance and Coinbase make a lot of money on their crypto exchange business. It would be really difficult, gutsy, and risky for any of them to completely change their narrative, messaging, and product to focus on the broader consumer market. I don’t believe they would ever risk biting the hand that feeds them.
In summary, as it relates to a digital bank aimed at the mass market, I believe both Coinbase and Binance are much more likely to acquire a startup in this space than they are to build it themselves. And I think they would want to keep the brand/product distinct and separate from their core crypto exchange business.
So back to the original question, is Coinbase and Binance a threat to Genesis Block? Not really. Not today. But they could be, and for that, we want to stay close to them.
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Binance Support Number 🎧 【+𝐼 】 𝟪𝟦𝟦-𝟫𝟢𝟩-𝒪𝟧𝟪𝟥☎️ Customer Service Number

Binance Support Number 🎧 【+𝐼 】 𝟪𝟦𝟦-𝟫𝟢𝟩-𝒪𝟧𝟪𝟥☎️ Customer Service Number

Binance support number 1844-907-0583 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.
Binance support number 1844-907-0583 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1844-907-0583 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1844-907-0583's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1844-907-0583 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1844-907-0583's headquarters?
This seemingly simple question is actually more complex. Until February, Binance support number 1844-907-0583 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1844-907-0583 is not under its jurisdiction. Since then Binance support number 1844-907-0583 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. "Wherever I sit, is going to be the Binance support number 1844-907-0583 office. Wherever I need somebody, is going to be the Binance support number 1844-907-0583 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
Zhao said Binance support number 1844-907-0583 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
Binance support number 1844-907-0583 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1844-907-0583 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1844-907-0583, announced that the exchange had frozen the funds. He also added that Binance support number 1844-907-0583 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
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Astounding, Amazing!

For Trading JUNE 9th
NASDAQ at New High, S&P + For Year
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another day dominated by a single stock, at least initially, and BA was its name. Early in the day, when the NASDAQ was due lower, BA had added almost $200 DP’s to the average and after a while the rest of them got pulled along. At the end of the day, the DJIA was +461.46 (1.7%), NASDAQ +110.67 (1.13%), S&P-500 +38.46 (1.2%), the Russell +29.74 (1.97%) and the DJ Transports +179.89 (1.82%). Market internals were strong with NYSE A/D 4:1 while NASDAQ lagged 2.6:1 while volume was higher. The DJIA was 25 up /5 down with BA adding $173 DP’s and the next highest gainer was MCD +38. There were no other major movers, but BA is up another $7.00 in late trading. All 11 S&P sectors were higher with energy, real estate, utilities, and industrials while the least up were materials and technology.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/jkbGKvNZ2FM
SECTORS: The big news was no news initially with BA piggy backing on all of the airline and hospitality stocks recent recovery and the planned reopening of the American economy. BA was trading up about $17 pre-open but by the time the bell actually rang it opened that 17 and immediately added to those gains and by the end of the day it had traded $234.20 and finished +25.07 (12.2%). But it wasn’t done there, in afterhours trading it touched 238.50 and is currently only .01 off that price. Last Monday it had traded $144 and has gone on a 6-day tear of $95 or 66%. And that doesn’t take into account that on its recent decline it went from a high of 446 to a low of 89, so at today’s close we are up 170% since late March.
But, the most amazing thing about today’s moves were the fact that at least one company, HTZ, has actually declared bankruptcy and after trading $ .40 just 10 days ago after the filing, it started at $.80 last Thursday and today managed to close $5.53 +2.96 (115%) and is currently trading $6.70 +1.17 in after hours. Yes, I did say it declared bankruptcy, and yes there are those who will speculate on just about anything, but $6.70 is a touch pricey when 99% of bankruptcies end with the equity owners being wiped out!
And, last, I would have thought that this one was the HOMERUN of the DAY this morning when I talked about it pre-open, ENOB, Enochian Biosciences, when the news of their cure for HIV was the topic of discussion. I had it $17.00 +12.88 or 312%, but the best it could do was to open $12.67, hit $13.43 and then start to slide. It finished $6.06 +1.94 (47%) and is a few cents lower in afterhours. With today’s action in hospitality and Oil related names it probably doesn’t make the top 50 stocks with that gain.
FOOD SUPPLY: was HIGHER with TSN +1.65, FLO +.45, CAG +.51, MDLZ +1.08, KHC +1.03, CALM +.37, JJSF +3.49, SAFM +6.57, LANC +2.42, GO -1.33, HRL +.11, SJM +3.73, PPC +1.99 and PBJ $32.14 +.51 (1.61%).
BIOPHARMA was HIGHER with BIIB -5.46, ABBV +.75, REGN +7.04, ISRG -.06, GILD +.32, MYL +1.22, TEVA +.06, VRTX -.68, BHC +1.26, INCY +1.07, ICPT +4.40, LABU +2.65 and IBB $133.20 +1.85 (1.41%).
CANNABIS: was HIGHER with TLRY +1.16, CGC +1.49, CRON +1.45, GWPH +2.98, ACB +2.01, PYX +1.40, NBEV +.33, CURLF +.13, KERN +2.04 and MJ $15.27 +1.23 (8.76%).
DEFENSE was HIGHER with LMT + 3.75, GD +5.53, TXT +1.43, NOC +4.90, BWXT +2.73, TDY +3.44, RTX +2.35 and ITA $193.84 +6.97 (3.73%).
RETAIL was HIGHER with M +2.17 +24.74%) on the news that it raised $4.5billion in financing, JWN +1.34, KSS +3.42, DDS +2.11, WMT -.49, TGT +.84, TJX +.49, RL +.69, UAA +.78, LULU -4.72, TPR +.72, CPRI +2.43 and XRT $45.35 +1.00 (2.25%).
FAANG and Big Cap: were HIGHER with GOOGL +8.48, AMZN +43.00 (1.73%) on news of a new high price target of $3,300, the highest on the street, AAPL +1.30, FB -.03, NFLX -3.60, NVDA -5.70, TSLA +58.84 (6.64%), BABA -.61, BIDU +2.62, CMG -5.71, CAT +2.60, BA +33.99 (16.55%), DIS +2.39, and XLK $101.92 +.51 (.50%).
FINANCIALS were HIGHER with GS +2.39, JPM +2.40, BAC +.52, MS +.63, C +3.13, PNC +2.97, AIG +3.14, TRV +3.14, AXP +3.67, V +.29, and XLF $26.74 +.50 (1.91%).
OIL, $38.19 -1.36. Oil has managed to trade $40.44 today and fell back to the 5-day MA and closed there. We are trading up about .50 tonight and the stocks didn’t even blink at the decline. In fact, people came after every little depressed stock and many have moved several 100% in the past few days. The stocks were higher and XLE was $47.39 +2.55 (5.69%).
METALS, GOLD: $1,705.10 +22.10. After trading down to $1671 last week we had a bounce higher today and although it was an “inside-day” we closed at the highs. The action in the US$ is projecting higher prices for the metals, but it does not necessarily trade with the dollar on a day by day basis. Support is around Friday’s lows. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,780 -20. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last week we traded over $10500 but fell all the way back to the lows, but we’ve moved back toward $10,000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.58 + .33 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Gold and Oil Rally

For Trading JUNE 5th
JUST ANOTHER MANIPULATED DAY
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another that looked like it was going to have a nice steady decline into some well establish support and take a rest. Then, with just the last 40 minutes left it managed to move from the low of the day -180 or so it rallied straight up to finish the day +11.93 (.05%). Does the Orange Emperor really think that people don’t realize that the Dow is only 30 heavily weighted stocks that are easily manipulated at whim? Not the NASDAQ -67.10 (.69%) OR THE S&P 500 -10.52 (.34%), nobody really cares about the Russell -.03 (0%), or the Transports, which never made a new high since 2018, +134.48 (1.42%). Market internals were just okay with NYSE 4:1 up and the NAZ just 1:1, although volume was up a bit. As far as the manipulation goes, there were 3 big movers, BA +79 DPs, GS +29 and TRV +24DPs. 8 of 11 S&P sectors were lower with the winner’s financials, Industrials, and materials while the biggest losers were utilities, real estate, health-care and information technology. The DJIA was split 16/14, doesn’t even matter which way (down).
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/Z7KUiEnqLMo
SECTORS: The big news was initial claims up less than expected but still up 1.88million and continuing claims 21,487 vs 20,838. When did it become so “well, it’s not as bad as we thought,” let’s take the NAZ100 to a new high? I mean, the Trade balance was “only up” another $5 billion over last month. On the earnings front we had Smartsheet (SMAR) beat on earnings and revenues but was a touch light on billings for the next Q and they took it down to $47.52 -11.56 (19.6%). Slack (WORK) also beat top and bottom, and gave solid guidance, just not solid enough and they took it to task and sent it from $40.00 to $32.00, pretty harsh, I thought.
On the defensive side, SJM reported too, it too beat but made mention that there might have been some rush buying ahead of the pandemic when PB&J looked like a good idea and sent the stock lower finishing $109.30 -5.29 (4.62%).
And last, I mentioned this in this mornings video, Genius Brands International (GNUS) a firm that produces animated TV for kids has been on a tear. It started in May @ $ .31, by 5/15 it was $1.95 and after a 10 or 11-day consolidation it took off on a 4-day run to 11.73 before closing $6.73 -1.20 after falling to 4.25 during the day.
FOOD SUPPLY: was MIXED with TSN +4.15, BGS +.38, FLO 0.04, CAG -.47, MDLZ -.80, KHC +.29, CALM +.84, JJSF +1.65, SAFM +1.65, LANC +.67, GO -.83, HRL +.06, SJM -5.39, and PBJ $32.41 -.24 (,76%).
BIOPHARMA was LOWER with BIIB -2.95, ABBV +2.11, REGN -5.74, ISRG -8.80, GILD +2.85, MYL +.12, TEVA -.12, VRTX -4.19, BHC +.25, INCY -5.03, ICPY +.33, LABU -2.45, and IBB $131.25 -1.40 (1.06%). CANNABIS: was LOWER with TLRY -.07, CGC +.08, CRON +.27, GWPH -1.23, ACB -.13, PYX -.08, NBEV -.01, CURLF +.01, KERN -.07 and MJ $14.03 -.03 (,21%).
DEFENSE was HIGHER with LMT + 1.85, GD +1.58, TXT +2.23, NOC -.21, BWXT -.85, TDY +7.34, RTX +.06, and ITA $178.80 +3.30 (1.88%).
RETAIL was MIXED with M +.40, JWN +2.07, KSS +1.35, DDS -.50, WMT -1.32, TGT -1.48, TJX -.24, RL +.24, UAA +.20, LULU -6.52, TPR +.72, CPRI +2.23, and XRT $43.32 +.14 (.32%).
FAANG and Big Cap: were LOWER with GOOGL -24.95, AMZN -16.72, AAPL -2.87, FB -3.91, NFLX -7.37, NVDA -.63, TSLA -16.46, BABA -.61, BIDU -3.15, CMG -2.71, CAT +1.87, BA +11.19, DIS +1.51, and XLK $98.90 -.73 (.73%).
FINANCIALS were HIGHER with GS +3.58, JPM +2.20, BAC +1.02, MS +1.77, C +2.47, PNC +3.29, AIG +2.06, TRV +3.53, AXP +1.34, V -3.17, and XLF $25.30 +.54 (2.18%).,
OIL, $37.41 +.12. Oil has managed to trade $37.62 today and has run into the 100-day MA and not even blinked. I will be on watch to get back into the USO puts for a move back to $30-31.00. The stocks were mixed and XLE was $41.74 +.01 (.02%).
METALS, GOLD: $1,1727.40 +22.60. After trading 1761 overnight the gold traded down to 1728 and closed near the lows. The action in the US$ is projecting higher prices for the metals, but it certainly didn’t happen today. Support is just below 1721. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,895 +240. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last night and this morning we traded over $10500 but fell all the way back to the lows. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.70 + .39 today.
Tomorrow is another day.
CAM
submitted by Dashover to OptionsOnly [link] [comments]

Gold and Oil Rally

For Trading JUNE 5th
JUST ANOTHER MANIPULATED DAY
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another that looked like it was going to have a nice steady decline into some well establish support and take a rest. Then, with just the last 40 minutes left it managed to move from the low of the day -180 or so it rallied straight up to finish the day +11.93 (.05%). Does the Orange Emperor really think that people don’t realize that the Dow is only 30 heavily weighted stocks that are easily manipulated at whim? Not the NASDAQ -67.10 (.69%) OR THE S&P 500 -10.52 (.34%), nobody really cares about the Russell -.03 (0%), or the Transports, which never made a new high since 2018, +134.48 (1.42%). Market internals were just okay with NYSE 4:1 up and the NAZ just 1:1, although volume was up a bit. As far as the manipulation goes, there were 3 big movers, BA +79 DPs, GS +29 and TRV +24DPs. 8 of 11 S&P sectors were lower with the winner’s financials, Industrials, and materials while the biggest losers were utilities, real estate, health-care and information technology. The DJIA was split 16/14, doesn’t even matter which way (down).
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/Z7KUiEnqLMo
SECTORS: The big news was initial claims up less than expected but still up 1.88million and continuing claims 21,487 vs 20,838. When did it become so “well, it’s not as bad as we thought,” let’s take the NAZ100 to a new high? I mean, the Trade balance was “only up” another $5 billion over last month. On the earnings front we had Smartsheet (SMAR) beat on earnings and revenues but was a touch light on billings for the next Q and they took it down to $47.52 -11.56 (19.6%). Slack (WORK) also beat top and bottom, and gave solid guidance, just not solid enough and they took it to task and sent it from $40.00 to $32.00, pretty harsh, I thought.
On the defensive side, SJM reported too, it too beat but made mention that there might have been some rush buying ahead of the pandemic when PB&J looked like a good idea and sent the stock lower finishing $109.30 -5.29 (4.62%).
And last, I mentioned this in this mornings video, Genius Brands International (GNUS) a firm that produces animated TV for kids has been on a tear. It started in May @ $ .31, by 5/15 it was $1.95 and after a 10 or 11-day consolidation it took off on a 4-day run to 11.73 before closing $6.73 -1.20 after falling to 4.25 during the day.
FOOD SUPPLY: was MIXED with TSN +4.15, BGS +.38, FLO 0.04, CAG -.47, MDLZ -.80, KHC +.29, CALM +.84, JJSF +1.65, SAFM +1.65, LANC +.67, GO -.83, HRL +.06, SJM -5.39, and PBJ $32.41 -.24 (,76%).
BIOPHARMA was LOWER with BIIB -2.95, ABBV +2.11, REGN -5.74, ISRG -8.80, GILD +2.85, MYL +.12, TEVA -.12, VRTX -4.19, BHC +.25, INCY -5.03, ICPY +.33, LABU -2.45, and IBB $131.25 -1.40 (1.06%). CANNABIS: was LOWER with TLRY -.07, CGC +.08, CRON +.27, GWPH -1.23, ACB -.13, PYX -.08, NBEV -.01, CURLF +.01, KERN -.07 and MJ $14.03 -.03 (,21%).
DEFENSE was HIGHER with LMT + 1.85, GD +1.58, TXT +2.23, NOC -.21, BWXT -.85, TDY +7.34, RTX +.06, and ITA $178.80 +3.30 (1.88%).
RETAIL was MIXED with M +.40, JWN +2.07, KSS +1.35, DDS -.50, WMT -1.32, TGT -1.48, TJX -.24, RL +.24, UAA +.20, LULU -6.52, TPR +.72, CPRI +2.23, and XRT $43.32 +.14 (.32%).
FAANG and Big Cap: were LOWER with GOOGL -24.95, AMZN -16.72, AAPL -2.87, FB -3.91, NFLX -7.37, NVDA -.63, TSLA -16.46, BABA -.61, BIDU -3.15, CMG -2.71, CAT +1.87, BA +11.19, DIS +1.51, and XLK $98.90 -.73 (.73%).
FINANCIALS were HIGHER with GS +3.58, JPM +2.20, BAC +1.02, MS +1.77, C +2.47, PNC +3.29, AIG +2.06, TRV +3.53, AXP +1.34, V -3.17, and XLF $25.30 +.54 (2.18%).,
OIL, $37.41 +.12. Oil has managed to trade $37.62 today and has run into the 100-day MA and not even blinked. I will be on watch to get back into the USO puts for a move back to $30-31.00. The stocks were mixed and XLE was $41.74 +.01 (.02%).
METALS, GOLD: $1,1727.40 +22.60. After trading 1761 overnight the gold traded down to 1728 and closed near the lows. The action in the US$ is projecting higher prices for the metals, but it certainly didn’t happen today. Support is just below 1721. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,895 +240. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last night and this morning we traded over $10500 but fell all the way back to the lows. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.70 + .39 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

Astounding, Amazing!

For Trading JUNE 9th
NASDAQ at New High, S&P + For Year
U.S. DOLLAR CONTINUES TO WEAKEN
Today’s market was just another day dominated by a single stock, at least initially, and BA was its name. Early in the day, when the NASDAQ was due lower, BA had added almost $200 DP’s to the average and after a while the rest of them got pulled along. At the end of the day, the DJIA was +461.46 (1.7%), NASDAQ +110.67 (1.13%), S&P-500 +38.46 (1.2%), the Russell +29.74 (1.97%) and the DJ Transports +179.89 (1.82%). Market internals were strong with NYSE A/D 4:1 while NASDAQ lagged 2.6:1 while volume was higher. The DJIA was 25 up /5 down with BA adding $173 DP’s and the next highest gainer was MCD +38. There were no other major movers, but BA is up another $7.00 in late trading. All 11 S&P sectors were higher with energy, real estate, utilities, and industrials while the least up were materials and technology.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1900 members. I also did this video titled “How to survive being an options trader and not blow up your account,” over the long weekend. I think it’s very informative as a guide to stock selection and option choices. The link is https://youtu.be/Y7H9RpWfLlo Enjoy!!
Tonight’s closing comment video https://youtu.be/jkbGKvNZ2FM
SECTORS: The big news was no news initially with BA piggy backing on all of the airline and hospitality stocks recent recovery and the planned reopening of the American economy. BA was trading up about $17 pre-open but by the time the bell actually rang it opened that 17 and immediately added to those gains and by the end of the day it had traded $234.20 and finished +25.07 (12.2%). But it wasn’t done there, in afterhours trading it touched 238.50 and is currently only .01 off that price. Last Monday it had traded $144 and has gone on a 6-day tear of $95 or 66%. And that doesn’t take into account that on its recent decline it went from a high of 446 to a low of 89, so at today’s close we are up 170% since late March.
But, the most amazing thing about today’s moves were the fact that at least one company, HTZ, has actually declared bankruptcy and after trading $ .40 just 10 days ago after the filing, it started at $.80 last Thursday and today managed to close $5.53 +2.96 (115%) and is currently trading $6.70 +1.17 in after hours. Yes, I did say it declared bankruptcy, and yes there are those who will speculate on just about anything, but $6.70 is a touch pricey when 99% of bankruptcies end with the equity owners being wiped out!
And, last, I would have thought that this one was the HOMERUN of the DAY this morning when I talked about it pre-open, ENOB, Enochian Biosciences, when the news of their cure for HIV was the topic of discussion. I had it $17.00 +12.88 or 312%, but the best it could do was to open $12.67, hit $13.43 and then start to slide. It finished $6.06 +1.94 (47%) and is a few cents lower in afterhours. With today’s action in hospitality and Oil related names it probably doesn’t make the top 50 stocks with that gain.
FOOD SUPPLY: was HIGHER with TSN +1.65, FLO +.45, CAG +.51, MDLZ +1.08, KHC +1.03, CALM +.37, JJSF +3.49, SAFM +6.57, LANC +2.42, GO -1.33, HRL +.11, SJM +3.73, PPC +1.99 and PBJ $32.14 +.51 (1.61%).
BIOPHARMA was HIGHER with BIIB -5.46, ABBV +.75, REGN +7.04, ISRG -.06, GILD +.32, MYL +1.22, TEVA +.06, VRTX -.68, BHC +1.26, INCY +1.07, ICPT +4.40, LABU +2.65 and IBB $133.20 +1.85 (1.41%).
CANNABIS: was HIGHER with TLRY +1.16, CGC +1.49, CRON +1.45, GWPH +2.98, ACB +2.01, PYX +1.40, NBEV +.33, CURLF +.13, KERN +2.04 and MJ $15.27 +1.23 (8.76%).
DEFENSE was HIGHER with LMT + 3.75, GD +5.53, TXT +1.43, NOC +4.90, BWXT +2.73, TDY +3.44, RTX +2.35 and ITA $193.84 +6.97 (3.73%).
RETAIL was HIGHER with M +2.17 +24.74%) on the news that it raised $4.5billion in financing, JWN +1.34, KSS +3.42, DDS +2.11, WMT -.49, TGT +.84, TJX +.49, RL +.69, UAA +.78, LULU -4.72, TPR +.72, CPRI +2.43 and XRT $45.35 +1.00 (2.25%).
FAANG and Big Cap: were HIGHER with GOOGL +8.48, AMZN +43.00 (1.73%) on news of a new high price target of $3,300, the highest on the street, AAPL +1.30, FB -.03, NFLX -3.60, NVDA -5.70, TSLA +58.84 (6.64%), BABA -.61, BIDU +2.62, CMG -5.71, CAT +2.60, BA +33.99 (16.55%), DIS +2.39, and XLK $101.92 +.51 (.50%).
FINANCIALS were HIGHER with GS +2.39, JPM +2.40, BAC +.52, MS +.63, C +3.13, PNC +2.97, AIG +3.14, TRV +3.14, AXP +3.67, V +.29, and XLF $26.74 +.50 (1.91%).
OIL, $38.19 -1.36. Oil has managed to trade $40.44 today and fell back to the 5-day MA and closed there. We are trading up about .50 tonight and the stocks didn’t even blink at the decline. In fact, people came after every little depressed stock and many have moved several 100% in the past few days. The stocks were higher and XLE was $47.39 +2.55 (5.69%).
METALS, GOLD: $1,705.10 +22.10. After trading down to $1671 last week we had a bounce higher today and although it was an “inside-day” we closed at the highs. The action in the US$ is projecting higher prices for the metals, but it does not necessarily trade with the dollar on a day by day basis. Support is around Friday’s lows. We bought back the 3rd and final lot of NEM yesterday @ $58.86.
BITCOIN: closed $9,780 -20. After breaking down from just over 10,000 and trading as low as 8630 last Tuesday we have been clawing our way back toward 10,000. Last week we traded over $10500 but fell all the way back to the lows, but we’ve moved back toward $10,000. We added 350 shares of GBTC last Wednesday @ $10.02 to our position of 400 @ $8.06, bringing our average price to $8.97. GBTC closed $11.58 + .33 today.
Tomorrow is another day.
CAM
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Binance Customer Care Number +(𝟣) 𝟪𝟦𝟦-𝟫𝟣𝟪-𝟢𝟧𝟪𝟣 Call Now and Talk To Rep

Binance Customer Care Number +(𝟣) 𝟪𝟦𝟦-𝟫𝟣𝟪-𝟢𝟧𝟪𝟣

Binance support number 1844-918-0581 CEO Changpeng "CZ" Zhao really doesn't want to tell you where his firm's headquarters is located.
To kick off ConsenSys' Ethereal Summit on Thursday, Unchained Podcast host Laura Shin held a cozy fireside chat with Zhao who, to mark the occasion, was wearing a personalized football shirt emblazoned with the Binance support number 1844-918-0581 brand.
Scheduled for 45 minutes, Zhao spent most of it explaining how libra and China's digital yuan were unlikely to be competitors to existing stablecoin providers; how Binance support number 1844-918-0581's smart chain wouldn't tread on Ethereum's toes – "that depends on the definition of competing," he said – and how Binance support number 1844-918-0581 had an incentive to keep its newly acquired CoinMarketCap independent from the exchange.
There were only five minutes left on the clock. Zhao was looking confident; he had just batted away a thorny question about an ongoing lawsuit. It was looking like the home stretch.
Then it hit. Shin asked the one question Zhao really didn't want to have to answer, but many want to know: Where is Binance support number 1844-918-0581's headquarters?
This seemingly simple question is actually more complex. Until February, Binance support number 1844-918-0581 was considered to be based in Malta. That changed when the island European nation announced that, no, Binance support number 1844-918-0581 is not under its jurisdiction. Since then Binance support number 1844-918-0581 has not said just where, exactly, it is now headquartered.
Little wonder that when asked Zhao reddened; he stammered. He looked off-camera, possibly to an aide. "Well, I think what this is is the beauty of the blockchain, right, so you don't have to ... like where's the Bitcoin office, because Bitcoin doesn't have an office," he said.
The line trailed off, then inspiration hit. "What kind of horse is a car?" Zhao asked. Binance support number 1844-918-0581 has loads of offices, he continued, with staff in 50 countries. It was a new type of organization that doesn't need registered bank accounts and postal addresses.
"Wherever I sit, is going to be the Binance support number 1844-918-0581 office. Wherever I need somebody, is going to be the Binance support number 1844-918-0581 office," he said.
Zhao may have been hoping the host would move onto something easier. But Shin wasn't finished: "But even to do things like to handle, you know, taxes for your employees, like, I think you need a registered business entity, so like why are you obfuscating it, why not just be open about it like, you know, the headquarters is registered in this place, why not just say that?"
Zhao glanced away again, possibly at the person behind the camera. Their program had less than two minutes remaining. "It's not that we don't want to admit it, it's not that we want to obfuscate it or we want to kind of hide it. We're not hiding, we're in the open," he said.
Shin interjected: "What are you saying that you're already some kind of DAO [decentralized autonomous organization]? I mean what are you saying? Because it's not the old way [having a headquarters], it's actually the current way ... I actually don't know what you are or what you're claiming to be."
Zhao said Binance support number 1844-918-0581 isn't a traditional company, more a large team of people "that works together for a common goal." He added: "To be honest, if we classified as a DAO, then there's going to be a lot of debate about why we're not a DAO. So I don't want to go there, either."
"I mean nobody would call you guys a DAO," Shin said, likely disappointed that this wasn't the interview where Zhao made his big reveal.
Time was up. For an easy question to close, Shin asked where Zhao was working from during the coronavirus pandemic.
"I'm in Asia," Zhao said. The blank white wall behind him didn't provide any clues about where in Asia he might be. Shin asked if he could say which country – after all, it's the Earth's largest continent.
"I prefer not to disclose that. I think that's my own privacy," he cut in, ending the interview.
It was a provocative way to start the biggest cryptocurrency and blockchain event of the year.
In the opening session of Consensus: Distributed this week, Lawrence Summers was asked by my co-host Naomi Brockwell about protecting people’s privacy once currencies go digital. His answer: “I think the problems we have now with money involve too much privacy.”
President Clinton’s former Treasury secretary, now President Emeritus at Harvard, referenced the 500-euro note, which bore the nickname “The Bin Laden,” to argue the un-traceability of cash empowers wealthy criminals to finance themselves. “Of all the important freedoms,” he continued, “the ability to possess, transfer and do business with multi-million dollar sums of money anonymously seems to me to be one of the least important.” Summers ended the segment by saying that “if I have provoked others, I will have served my purpose.”
You’re reading Money Reimagined, a weekly look at the technological, economic and social events and trends that are redefining our relationship with money and transforming the global financial system. You can subscribe to this and all of CoinDesk’s newsletters here.
That he did. Among the more than 20,000 registered for the weeklong virtual experience was a large contingent of libertarian-minded folks who see state-backed monitoring of their money as an affront to their property rights.
But with due respect to a man who has had prodigious influence on international economic policymaking, it’s not wealthy bitcoiners for whom privacy matters. It matters for all humanity and, most importantly, for the poor.
Now, as the world grapples with how to collect and disseminate public health information in a way that both saves lives and preserves civil liberties, the principle of privacy deserves to be elevated in importance.
Just this week, the U.S. Senate voted to extend the 9/11-era Patriot Act and failed to pass a proposed amendment to prevent the Federal Bureau of Investigation from monitoring our online browsing without a warrant. Meanwhile, our heightened dependence on online social connections during COVID-19 isolation has further empowered a handful of internet platforms that are incorporating troves of our personal data into sophisticated predictive behavior models. This process of hidden control is happening right now, not in some future "Westworld"-like existence.
Digital currencies will only worsen this situation. If they are added to this comprehensive surveillance infrastructure, it could well spell the end of the civil liberties that underpin Western civilization.
Yes, freedom matters
Please don’t read this, Secretary Summers, as some privileged anti-taxation take or a self-interested what’s-mine-is-mine demand that “the government stay away from my money.”
Money is just the instrument here. What matters is whether our transactions, our exchanges of goods and services and the source of our economic and social value, should be monitored and manipulated by government and corporate owners of centralized databases. It’s why critics of China’s digital currency plans rightly worry about a “panopticon” and why, in the wake of the Cambridge Analytica scandal, there was an initial backlash against Facebook launching its libra currency.
Writers such as Shoshana Zuboff and Jared Lanier have passionately argued that our subservience to the hidden algorithms of what I like to call “GoogAzonBook” is diminishing our free will. Resisting that is important, not just to preserve the ideal of “the self” but also to protect the very functioning of society.
Markets, for one, are pointless without free will. In optimizing resource allocation, they presume autonomy among those who make up the market. Free will, which I’ll define as the ability to lawfully transact on my own terms without knowingly or unknowingly acting in someone else’s interests to my detriment, is a bedrock of market democracies. Without a sufficient right to privacy, it disintegrates – and in the digital age, that can happen very rapidly.
Also, as I’ve argued elsewhere, losing privacy undermines the fungibility of money. Each digital dollar should be substitutable for another. If our transactions carry a history and authorities can target specific notes or tokens for seizure because of their past involvement in illicit activity, then some dollars become less valuable than other dollars.
The excluded
But to fully comprehend the harm done by encroachments into financial privacy, look to the world’s poor.
An estimated 1.7 billion adults are denied a bank account because they can’t furnish the information that banks’ anti-money laundering (AML) officers need, either because their government’s identity infrastructure is untrusted or because of the danger to them of furnishing such information to kleptocratic regimes. Unable to let banks monitor them, they’re excluded from the global economy’s dominant payment and savings system – victims of a system that prioritizes surveillance over privacy.
Misplaced priorities also contribute to the “derisking” problem faced by Caribbean and Latin American countries, where investment inflows have slowed and financial costs have risen in the past decade. America’s gatekeeping correspondent banks, fearful of heavy fines like the one imposed on HSBC for its involvement in a money laundering scandal, have raised the bar on the kind of personal information that regional banks must obtain from their local clients.
And where’s the payoff? Despite this surveillance system, the U.N. Office on Drugs and Crime estimates that between $800 billion and $2 trillion, or 2%-5% of global gross domestic product, is laundered annually worldwide. The Panama Papers case shows how the rich and powerful easily use lawyers, shell companies, tax havens and transaction obfuscation to get around surveillance. The poor are just excluded from the system.
Caring about privacy
Solutions are coming that wouldn’t require abandoning law enforcement efforts. Self-sovereign identity models and zero-knowledge proofs, for example, grant control over data to the individuals who generate it, allowing them to provide sufficient proof of a clean record without revealing sensitive personal information. But such innovations aren’t getting nearly enough attention.
Few officials inside developed country regulatory agencies seem to acknowledge the cost of cutting off 1.7 billion poor from the financial system. Yet, their actions foster poverty and create fertile conditions for terrorism and drug-running, the very crimes they seek to contain. The reaction to evidence of persistent money laundering is nearly always to make bank secrecy laws even more demanding. Exhibit A: Europe’s new AML 5 directive.
To be sure, in the Consensus discussion that followed the Summers interview, it was pleasing to hear another former U.S. official take a more accommodative view of privacy. Former Commodities and Futures Trading Commission Chairman Christopher Giancarlo said that “getting the privacy balance right” is a “design imperative” for the digital dollar concept he is actively promoting.
But to hold both governments and corporations to account on that design, we need an aware, informed public that recognizes the risks of ceding their civil liberties to governments or to GoogAzonBook.
Let’s talk about this, people.
A missing asterisk
Control for all variables. At the end of the day, the dollar’s standing as the world’s reserve currency ultimately comes down to how much the rest of the world trusts the United States to continue its de facto leadership of the world economy. In the past, that assessment was based on how well the U.S. militarily or otherwise dealt with human- and state-led threats to international commerce such as Soviet expansionism or terrorism. But in the COVID-19 era only one thing matters: how well it is leading the fight against the pandemic.
So if you’ve already seen the charts below and you’re wondering what they’re doing in a newsletter about the battle for the future of money, that’s why. They were inspired by a staged White House lawn photo-op Tuesday, where President Trump was flanked by a huge banner that dealt quite literally with a question of American leadership. It read, “America Leads the World in Testing.” That’s a claim that’s technically correct, but one that surely demands a big red asterisk. When you’re the third-largest country by population – not to mention the richest – having the highest number of tests is not itself much of an achievement. The claim demands a per capita adjustment. Here’s how things look, first in absolute terms, then adjusted for tests per million inhabitants.
Binance support number 1844-918-0581 has frozen funds linked to Upbit’s prior $50 million data breach after the hackers tried to liquidate a part of the gains. In a recent tweet, Whale Alert warned Binance support number 1844-918-0581 that a transaction of 137 ETH (about $28,000) had moved from an address linked to the Upbit hacker group to its wallets.
Less than an hour after the transaction was flagged, Changpeng Zhao, the CEO of Binance support number 1844-918-0581, announced that the exchange had frozen the funds. He also added that Binance support number 1844-918-0581 is getting in touch with Upbit to investigate the transaction. In November 2019, Upbit suffered an attack in which hackers stole 342,000 ETH, accounting for approximately $50 million. The hackers managed to take the funds by transferring the ETH from Upbit’s hot wallet to an anonymous crypto address.
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For Trading April 9th

For Trading April 9th
Stocks Rally Again Oil Rebounds OPEC MEETING TOMORROW
Today was not as exhausting as the last several triple-digit days. We started slowly +250 on overnight futures rally on some hopeful Covid-19 numbers and after trying the downside to +40, we started the grind higher with lots of little false breaks and a running consolidation from 12:00 to about 2:15 when Bernie said he was “suspending” his campaign. We rallied to the highs and although the DKIA didn’t quite reach yesterday’s high it did close +779.71 (3.44%) with NASDAQ FOLLOWING A SIMILAR PATTERN AND +2.03.64 (2.58%), S&P 500 +90.57 (3.41%) and the big gainer for the day the Russell +52.49 (4.61%), while DJ Transports managing +286.90 (3.65%). Market internals were stronger than yesterday with NYSE 8:1 and NASDAQ 5:1, but volume fell on the rally again. The DJIA was better at 27:3 with one triple-digit gainer in UNH +135 DPs and all the losers just single-digits. The lack of volume is concerning, but the market keeps marching higher. The flood of money from the Fed has to go somewhere, and it seems to be finding a home at some of the perceived bargains. This is the link for tonight’s closing commentary: https://youtu.be/M3Te_GmNWZk All 11 Sectors of S&P were higher on optimistic expectations about reopening of the economy while World Trade Organization said expectations for global GDP dropping 2.5%-8.8%. Energy was strong again as were technology real estate and consumer discretionary while healthcare and consumer staples were weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: There was plenty of action early with a Muddy Waters (shorts) did a writeup on EHealth (EHTH) talking about revenue recognition and their “churn” of accounts. The story is available at https://www.cnbc.com/2020/04/08/carson-blocks-muddy-waters-takes-short-position-in-ehealth.html and the stock reacted immediately trading down to $93.06 – 23.84 before recovering to close $103.20 -13.70 (11.72%). In fact, the stock was already feeling the negative effect yesterday when it closed 11.90 -13.67. Also on the downside was TAL Education (TAL) which announced some “employee wrongdoing” last night and is being investigated by several law firms, and fell to $50.20 before closing $52.06 -3.76 (6.74%). On the upside we had OSTK closed $6.82 +1.49 (27.95%) on the news that the SEC is issuing an Ex-div. date for it’s “innovative, digital dividend.” I haven’t quite figured out how this works, but it looks like a 1:10 ratio, meaning 1 new share for every 10 owned, and the Pfd. Share are selling for $10.00 currently. To me that seems like a $1.00 dividend on what was a 5.33 stock at yesterday’s close. This stock has had a seriously checkered past and a “crazy CEO and founder.” The shares rose from $14 to $30 last fall and then collapsed to trade $2.57 last month.
And, the HOMERUN OF THE DAY was an easy call, Moleculin Biotech (MBRX) reported that their WP1 122 compound, in a study at the University of Frankfort, reported that “it inhibits glycolysis with non-toxic concentrations of 2-DG completely prevented the SARS-CoV-2 cells.” The stock, down from an all-time high of $8.99 (but no reverse splits) and traded as low as $ .32 last month traded as high as $1.97 before closing $1.27 +.71 (126.79%).
BIOPHARMA: was HIGHER with BIIB +15.74 (5.23%), ABBV +3.45, REGN +10.82, ISRG +20.51 (4.19%), MYL +.93 (6.47%), TEVA +.39, VRTX +1.99. BHC +.95(6.4%), INCY +4.14(6.58%), LABU +2.71 (11.76%) and IBB $112.50 +2.96 (2.7%).
CANNABIS: This group was HIGHER with TLRY +.83, CGC +.44, CRON +.47, GWPH +5.98, ACB +.08, PYX +.14, NBEV +.09, CURLF +.06, KERN +.74 and MJ $11.31 +.31 (2.82%).
DEFENSE: was HIGHER with LMT +9.42, RTX +5.73 (9.92%), GD N+3.95, TXT +1.27, NOC +4.15, BWXT +.25, TDY +14.69 (4.66%), and ITA $151.77 +6.85 (4.73%).
RETAIL: was HIGHER with M +.33, JWN +1.35 (7.48%), KSS +.70, DDS -1.66, JCP +.02, WMT -.39, TGT +6.24 (6.35%), TJX +2.43, RL +2.37, UAA +.39, LULU +1.78, TPR +.50, CPRI +1.41 (11.02%) and XRT $32.38 +1.38 (4.45%).
FAANG and Big Cap: were MIXED with GOOGL +26.44, AMZN +36.63, AAPL +7.93, FB +6.05, NFLX -.48, NVDA +8.78, TSLA +5.49, BABA -1.49, BIDU -4.49, BA +7.62, CAT +5.48, DIS +6.76 on much better than expectations on DIS Plus, and XLK $85.18+2.23 (2.69%).
FINANCIALS were HIGHER with GS the leader +12.21 (7.35%), JPM +4.15, BAC +1.51, MS +2.62, C +3.55, PNC +5.20, AIG +1.09, TRV +4.16, AXP +4.92 and XLF $22.19 +.93 (4.27%).
OIL, $25.09 +1.46. The explosive moves in Oil recently has seemed to run its course and yesterday’s drop cut the gains by a touch more than half. Today, however, after bouncing from -$2.00 overnight it rallied to close near the highs on expectations of a deal between Russia and the Saudi’s. There is also a virtual meeting of OPEC tomorrow. The stocks were all higher with XLE $34.95 +2.87 (8.95%).
METALS, GOLD: $1,684.30 +.60. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1742 before falling back to close $60 off the highs and below $1700. Today was a short-range “inside” day I would be a buyer a bit lower than today’s close.
BITCOIN: closed $7,335 + 5. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.86 +.20 today.
Tomorrow is another day.
CAM
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For Trading April 8th

For Trading April 8th
STOCKS RUN OUT OF GAS
Oil Falls, Again
Today was a somewhat “restive” day, and while we moved for a total of over 315 S&P-500 points, it felt pretty good to have a barely changed day. The DJIA went from +937 to close 1,000 lower @-26.13 (.12%), NASDAQ -25.98 (.33%), S&P 500 -4.27 (.19%), the Russell +.39 (.03%) and the DJ Transports +27.80 (.35%). Market internals were about as you would expect for an unchanged day with NYSE A/D 2.3:1 and NASDAQ 1.3:1 with an increase in volume. DJIA was 15:15 with NO triple-digit gains or losses and the leader, GS +53 DP’s with the losers BA -49, PG -34, and WMT -27 DP’s. The strongest groups Energy (although the oil fell 7%, Financials, real estate, materials and industrials. Consumer staples and health care were weak. The early strength was from the possible leveling off of the virus cases and the momentum from yesterday. The large cap technology names were weak from the start, but it’s awfully hard to top the day AAPL had yesterday +21.00 (8.72%). But the group gave up whatever gains it had by late afternoon with the only gainers being TSLA, FB, and AMZN (up only .40%). The interesting thing today was the fact that the US$ was weak (-.8%) but both Oil and Gold were also lower. This is tonight’s closing comment: https://youtu.be/8HoUm75j8Eg
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: Of all the names that moved higher yesterday in the virus treatment area the only IMMU, which doubled, managed to hold on to its gains finishing $18.91 +.13. Inovio (INO) rallied up to $9.20 but fell back to 7.93 before closing $8.27 -.17 (2.01%), CODX, +2.11 or 26% yesterday also gave back half of it’s gain to close $9.09 -1.22 (11.83%).
It was only a matter of time before someone would find a “ventilator” manufacturer, but today, DPW Holdings, manufacturer of its Coolisys Power Electronics division received a major order last week and today announced that it had increased its offshore manufacturing capacity and that a customer was increasing an order. The stock was up 85% last week and today it traded up to $1.95 before finishing the day $1.54 +.74 for a 92.50% gain.
BIOPHARMA: was LOWER with BIIB -10.18, ABBV -.58, REGN -2.76, ISRG -12.24, MYL+ .64, TEVA +.20, VRTX -8.30, BHC +.58, INCY +1.55, ICPT +.65, LABU -1.47, and IBB $109.63 -2.08 (1.86%).
CANNABIS: This group was HIGHER with TLRY +.44, CGC +.21, CRON -.17, GWPH + 5.17 (5.97%), ACB +.01, PYX -.34, NBEV -.06, CURLF +.08, KERN +.10 and MJ $11.00 +.04 (.36%).
DEFENSE: was LOWER with LMT -10.45, RTX +.68, GD -.04, TXT -.72, NOC -6.93, BWXT -.83, TDY +6.73, and ITA $147.40 +.54 (.37%).
RETAIL: was HIGHER with M +.27, JWN +1.94, KSS +3.07, DDS +1.87, JCP +.01, WMT -2.98, TGT +.64, TJX +.34, RL +5.19 (7.57%), UAA +.53, LULU +.05, TPR +1.43, CPRI +2.16 and XRT $31.00 +.79 (2.62%).
FAANG and Big Cap: were MIXED with GOOGL +.81, AMZN +12.41, AAPL -2.47, FB +4.20, NFLX -6.51, NVDA -8.40, TSLA +33.63 (6.51%), BABA -2.95, BIDU -2.45, BA -4.28, CAT +4.35, DIS +.42 and XLK $82.95 -.75 (.90%).
FINANCIALS were HIGHER with GS the leader +9.73(6.15%), JPM +1.53, BAC +.83, MS +.23, C +.52, PNC -1.24, TRV +1.35, AXP +4.13 (4.92%) and XLF $21.25 +.21 (1.00%).
OIL, $23.63 -2.45. The explosive moves in Oil recently has seemed to run its course and today’s drop cut the gains by a touch more than half. The stocks did not feel the effects of the price and most were higher. XOM cut spending and said that their fundamental underpinnings remain strong. CVX +1.00, XOM +.91, OXY +.61, NBL +.11, MRO +.14, MPC -.19, RIG +.08, APA +.71, BP -.05 and XLE $32.08 +.67 (2.13%).
METALS, GOLD: $1,683.70 -10.20. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1742 before falling back to close $60 off the highs and below $1700. I would be a buyer a bit lower than today’s close.
BITCOIN: closed $7,330 unchanged. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.67 -.28 today.
Tomorrow is another day.
CAM
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Market Analysis on May 14, 2020: Bitcoin may recover the former tombstone K line, rush to 11,000 points

Market Analysis on May 14, 2020: Bitcoin may recover the former tombstone K line, rush to 11,000 points
[Today's Hot Tips]
1. [USDT premium rate dropped to -0.61%]
The market show that the central parity of RMB against the US dollar rose 73 points to 7.0948 RMB from the previous day. Onshore RMB is now reported at 7.0924 RMB, USDT quotes 7.0490 RMB on Boboo.com, and the premium rate drops to -0.61%.
2. [Secretary of the Ganzi Prefecture Committee of Sichuan: Blockchain industry is an emerging industry in line with green and high-quality development]
According to Ganzi Daily, the blockchain industry development symposium in the all state was recently held in Kangding. Liu Chengming, the secretary of prefecture committee, said that all levels and departments should thoroughly study and implement the spirit of General Secretary Xi Jinping ’s important speech on blockchain technology, deeply recognize that the blockchain industry is an emerging industry that meets the positioning of the ecological demonstration zone in northwest Sichuan and meets the requirements of green and high-quality development. It is of great significance to promote the construction of hydropower consumption parks in our state and make up for the economic losses caused by the epidemic. It is necessary to actively encourage and support blockchain enterprises to accelerate the upgrading and transformation, increase policy support in power, taxation, and financial services, and promote the deep integration of blockchain and the real economy. Relevant counties (cities) and departments should improve their positions, strengthen collaboration, and cooperate closely to further strengthen the guarantee of power and other factors, accelerate the progress of project construction, and fully promote the construction of blockchain industrial parks.
3. [Reddit is testing community points in the form of Ethereum ERC-20 tokens]
According to the news about BTC on May 14, and according to the information shared by user MagoCrypto, social news and online content aggregator Reddit is testing community points in the form of ERC-20 tokens based on the Ethereum blockchain, which will target at least 20 million user.
[Today's market analysis]
Bitcoin (BTC)In the early hours of this morning, BTC kept its sideways, and then continued to rise at about 3 o'clock, rising to the highest point of the day, 9398 USDT. Now, it is finished in a narrow range above 9300 USDT. Mainstream currencies were mixed in a daily, with small fluctuations. BTC is currently reported at 9313.0 USDT on LOEx Global, with a 2.15% increase in 24h.
https://preview.redd.it/cner27rd1py41.png?width=554&format=png&auto=webp&s=7b3d01dbf23bc597dce6e9a7e6063f4271fd0547
First of all, we can see that after the last plunge, the two days have rebounded well, now the price is 9,300 US dollars, from the last plunge low of about $ 8,000, the increase has been close to $ 1,300.
Returning to the daily chart, we can see that the price is still below the long-term suppression trend line, and the structure has not been completely reversed. But we look at the short-term uptrend support line, which is still valid, indicating that the uptrend from the low of $ 3000+ has not broken through. This is a very good signal.
And the 21, 50 and 200 daily moving averages below form a temporary effective support, which is also a good signal. But we can see that the price has once again touched the upper 10,000-point pressure range. Can it break through this range? We can find that the rebound from 10,000 points on the 10th has recovered two-thirds of the decline in the past few days. The concept of a two-thirds rebound is very likely to reverse successfully. But more than 10,000 points from October 19 to now, there have been three signs of falling after touching. Therefore, we can see above 10,000 points in the market outlook, but it may retreat around 11,000, and do a long-term box shock between 7600-11000 points.
Operation suggestions:
Support level: the first support level is 9300 points, the second support level is 9000 integers;
Resistance level: the first resistance level is 10000 points, the second resistance level is 11000 points.
LOEx is registered in Seychelles. It is a global one-stop digital asset service platform with business distribution nodes in 20 regions around the world. It has been exempted from Seychelles and Singapore Monetary Authority (MAS) digital currency trading services. Provide services and secure encrypted digital currency trading environment for 1 million community members in 24 hours.
submitted by LOEXCHANGE to u/LOEXCHANGE [link] [comments]

For Trading April 9th

For Trading April 9th
Stocks Rally Again Oil Rebounds OPEC MEETING TOMORROW
Today was not as exhausting as the last several triple-digit days. We started slowly +250 on overnight futures rally on some hopeful Covid-19 numbers and after trying the downside to +40, we started the grind higher with lots of little false breaks and a running consolidation from 12:00 to about 2:15 when Bernie said he was “suspending” his campaign. We rallied to the highs and although the DKIA didn’t quite reach yesterday’s high it did close +779.71 (3.44%) with NASDAQ FOLLOWING A SIMILAR PATTERN AND +2.03.64 (2.58%), S&P 500 +90.57 (3.41%) and the big gainer for the day the Russell +52.49 (4.61%), while DJ Transports managing +286.90 (3.65%). Market internals were stronger than yesterday with NYSE 8:1 and NASDAQ 5:1, but volume fell on the rally again. The DJIA was better at 27:3 with one triple-digit gainer in UNH +135 DPs and all the losers just single-digits. The lack of volume is concerning, but the market keeps marching higher. The flood of money from the Fed has to go somewhere, and it seems to be finding a home at some of the perceived bargains. This is the link for tonight’s closing commentary: https://youtu.be/M3Te_GmNWZk All 11 Sectors of S&P were higher on optimistic expectations about reopening of the economy while World Trade Organization said expectations for global GDP dropping 2.5%-8.8%. Energy was strong again as were technology real estate and consumer discretionary while healthcare and consumer staples were weak.
Our “open forum” on Discord, which allows me to interact with subscribers and others to allow direct questions and chart opinions on just about any stock, continues to grow with more participants every day. It is informative and allows me to share insights as the market is open and moving. The link is: https://discord.gg/ATvC7YZ and I will be there and active from before the open and all day. It’s a great place to share ideas and gain some insights, and we’ve grown to almost 1400 members.
SECTORS: There was plenty of action early with a Muddy Waters (shorts) did a writeup on EHealth (EHTH) talking about revenue recognition and their “churn” of accounts. The story is available at https://www.cnbc.com/2020/04/08/carson-blocks-muddy-waters-takes-short-position-in-ehealth.html and the stock reacted immediately trading down to $93.06 – 23.84 before recovering to close $103.20 -13.70 (11.72%). In fact, the stock was already feeling the negative effect yesterday when it closed 11.90 -13.67. Also on the downside was TAL Education (TAL) which announced some “employee wrongdoing” last night and is being investigated by several law firms, and fell to $50.20 before closing $52.06 -3.76 (6.74%). On the upside we had OSTK closed $6.82 +1.49 (27.95%) on the news that the SEC is issuing an Ex-div. date for it’s “innovative, digital dividend.” I haven’t quite figured out how this works, but it looks like a 1:10 ratio, meaning 1 new share for every 10 owned, and the Pfd. Share are selling for $10.00 currently. To me that seems like a $1.00 dividend on what was a 5.33 stock at yesterday’s close. This stock has had a seriously checkered past and a “crazy CEO and founder.” The shares rose from $14 to $30 last fall and then collapsed to trade $2.57 last month.
And, the HOMERUN OF THE DAY was an easy call, Moleculin Biotech (MBRX) reported that their WP1 122 compound, in a study at the University of Frankfort, reported that “it inhibits glycolysis with non-toxic concentrations of 2-DG completely prevented the SARS-CoV-2 cells.” The stock, down from an all-time high of $8.99 (but no reverse splits) and traded as low as $ .32 last month traded as high as $1.97 before closing $1.27 +.71 (126.79%).
BIOPHARMA: was HIGHER with BIIB +15.74 (5.23%), ABBV +3.45, REGN +10.82, ISRG +20.51 (4.19%), MYL +.93 (6.47%), TEVA +.39, VRTX +1.99. BHC +.95(6.4%), INCY +4.14(6.58%), LABU +2.71 (11.76%) and IBB $112.50 +2.96 (2.7%).
CANNABIS: This group was HIGHER with TLRY +.83, CGC +.44, CRON +.47, GWPH +5.98, ACB +.08, PYX +.14, NBEV +.09, CURLF +.06, KERN +.74 and MJ $11.31 +.31 (2.82%).
DEFENSE: was HIGHER with LMT +9.42, RTX +5.73 (9.92%), GD N+3.95, TXT +1.27, NOC +4.15, BWXT +.25, TDY +14.69 (4.66%), and ITA $151.77 +6.85 (4.73%).
RETAIL: was HIGHER with M +.33, JWN +1.35 (7.48%), KSS +.70, DDS -1.66, JCP +.02, WMT -.39, TGT +6.24 (6.35%), TJX +2.43, RL +2.37, UAA +.39, LULU +1.78, TPR +.50, CPRI +1.41 (11.02%) and XRT $32.38 +1.38 (4.45%).
FAANG and Big Cap: were MIXED with GOOGL +26.44, AMZN +36.63, AAPL +7.93, FB +6.05, NFLX -.48, NVDA +8.78, TSLA +5.49, BABA -1.49, BIDU -4.49, BA +7.62, CAT +5.48, DIS +6.76 on much better than expectations on DIS Plus, and XLK $85.18+2.23 (2.69%).
FINANCIALS were HIGHER with GS the leader +12.21 (7.35%), JPM +4.15, BAC +1.51, MS +2.62, C +3.55, PNC +5.20, AIG +1.09, TRV +4.16, AXP +4.92 and XLF $22.19 +.93 (4.27%).
OIL, $25.09 +1.46. The explosive moves in Oil recently has seemed to run its course and yesterday’s drop cut the gains by a touch more than half. Today, however, after bouncing from -$2.00 overnight it rallied to close near the highs on expectations of a deal between Russia and the Saudi’s. There is also a virtual meeting of OPEC tomorrow. The stocks were all higher with XLE $34.95 +2.87 (8.95%).
METALS, GOLD: $1,684.30 +.60. After the recent gains, Gold broke solidly above $1,700 and traded as high as $1742 before falling back to close $60 off the highs and below $1700. Today was a short-range “inside” day I would be a buyer a bit lower than today’s close.
BITCOIN: closed $7,335 + 5. After we traded in a short-range day followed by a $1,000 range on Friday BTC closed above $7,000 for the first time since it broke to the downside early last month. While I want to add the 350 sold just over a week ago, I want to wait and see some stabilization. We still own 400 GBTC with an average of $8.06. GBTC closed $7.86 +.20 today.
Tomorrow is another day.
CAM
submitted by Dashover to options [link] [comments]

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

The results of the Streamr Community Survey are in! Find out what first attracted the Streamr community to the project, what motivates them, and what they'd like to see in future. Thanks to all who participated!

Streamr Community Survey Results

https://preview.redd.it/yhtbxppp9aj41.png?width=4000&format=png&auto=webp&s=ec05fb5230689ff8364a8bbde0d481bef8a6e83b
Inspired by the Community Fund, Streamr recently conducted a survey to better understand the community and gain insights into the effectiveness of Streamr messaging.
Below is a summary of the most insightful answers and Streamr’s response (qualitative answers have been summarised by theme and incorporated into the charts).

1. When and how did you first learn about Streamr?


https://preview.redd.it/fzqfmica8aj41.png?width=3224&format=png&auto=webp&s=10595dfeb00d322fcfff71c75fa44fd15540eaa3
Exchanges and token searching are the leading ways in which the Streamr community discovered the project. Social media follows in second. This might indicate that those with an interest in token trading comprise the majority of respondents.
Social media use and word of mouth also show their influence, which falls in line with Streamr marketing intelligence.
The prominence of the Bitfinex exchange and ICO suggest that many respondents have been following the project from its early days.

2. What first attracted you to the Streamr project?


https://preview.redd.it/aznxxgld8aj41.png?width=3224&format=png&auto=webp&s=7cae2065a6772becf5b5acd45cf1fd010ff0048b
Many respondents indicated that the Streamr tech stack and goal drew their interest to the project, with a particular emphasis on data monetisation and individual ownership.
This emphasis is not surprising because much of Streamr’s recent messaging has focused on the upcoming Data Unions framework and data monetisation holds the most day-to-day use potential for non-devs.
“The concept of decentralizing and monetising data.” “Giving people back control of their data sounded like a worthy project and the IoT examples sounded like ideal application of blockchain technology.”
The Network, Marketplace, and decentralization of the data economy also came through in the answers.
“It is interesting how Streamr wants to build a decentralized data network based on a blockchain other than Bitcoin. Something scalable that allows connection to IoT devices.” “Decentralized IoT and the idea of a data marketplace where buyers and sellers meet and establish a price for possibly huge amounts of data.”

3. Which tool/development area are you most interested in?


https://preview.redd.it/luygx7cp8aj41.png?width=3224&format=png&auto=webp&s=be4a99995bc2f540edb2cc7ad88aa8ac1305cddc
The popularity of Data Unions, followed closely by the popularity of the Marketplace, reinforce the sentiment that emerged in answers to question two; the Streamr community is captured by the idea of selling their data.
The Network falls slightly behind, despite being arguably the central element of the project. This might be expected due to its highly technical nature and the recent focus on Data Unions.

4. On which channels do you engage with Streamr content or the community?


https://preview.redd.it/5op2fw73aaj41.png?width=3224&format=png&auto=webp&s=293cdcc283f7028f6263a53ccd1b2c84cc208768
No surprises that Telegram, Twitter, and Reddit continue to drive the community engagement. This may highlight that respondents here are primarily of a non-technical background, with only a handful visiting the Community Dev Forum.

5. What do you currently like most about the project?


https://preview.redd.it/fge20bnr8aj41.png?width=3224&format=png&auto=webp&s=d6b40bb450e728b873200653f782b44d6d2dd1c5
The results here were harder to pin down to distinct themes, with Swash taking a narrow lead, followed by Streamr team (thanks!), and enthusiasm for the project’s tech goal of making real-time data more open and tradeable.
“Swash… All the potential DApps that can be built on Streamr… And taking back control of our data.”
The potential of the Streamr stack to act as a platform for others to build on, a platform for existing projects to integrate with, and a tool for a more fluid data economy also came across.
“Swash! Because it is very pragmatic and actually produces the data in decentralized environment. […] At the moment, the most difficult part [in a] data economy is ‘having meta data’ because no one shares. Swash and similar DApps produce this for Streamr.” “The idea of revolutionising the data economy… And the good community.”

6. Apart from the token price, what do you dislike or what would you like to see the project do differently?


https://preview.redd.it/0urbj40w8aj41.png?width=3224&format=png&auto=webp&s=871958c3277bdcb4d073af5b186075d7252a7f73
It’s clear from these results, and other discussion in the community, that three key areas of uncertainty come forward:
  1. Tokenomics/token functionality understanding
“It’s a bit disheartening to see that token economics is talked about probably once or twice a year (when prompted by community members pushing for updates on it).” “Staking the token as part of the network. Its the only reason a lot of people were interested originally. Please don’t push it back further. Streamr should also be prepared to talk about the token — it feels like Streamr always has to be forced to mention it.” “Tokeneconomics. Now you know who I am. 😁”
It’s true that despite various discussions in the community, direct comms on how the token’s utility has progressed since the whitepaper is lacking. This is largely because the token’s function is still developing, and won’t take full form until the later stages of the Network are rolled out.
The token is currently used as a means of payment on the Marketplace and for individuals to earn DATA by contributing to Data Unions. Still to come are functionalities around token stake checking and incentive mechanisms enabling node rewards.
Proposed solution: A blog from Henri and the team on some of these plans as they take shape could address some of the uncertainty. Keep an eye out for an announcement on tokenomics in the coming weeks.
2. Project direction/partnerships info
“A little bit more of a plan to understand future partnerships and developments. Something that should be easy to understand for the Average Joe. I think it will reach more potential investors.” “More internal development communication should be public for Streamr to be a decentralized project, otherwise it’s a company and its followers.” “Improve transparency. I fully understand that ICO investors are not shareholders, but it’s often very hard to get a sense of what you’re working on and with who, and why. Things get announced, but little is known about your mission or business goals.” “Proper financial, personnel and visions report. Quarterly please. This is something that brings certainty to the project, as the community will know how things are going in the grand scheme.”
Giving granular updates on the project’s direction (beyond tech updates) or the status of partnerships, while desirable for the community, is not always possible or profitable for the project. This is due to NDAs, coordination between multiple external parties, shifting priorities, value considerations on timing and announcement strategies — plus many more case-by-case factors.
Proposed solution: Streamr will produce a yearly report outlining the achievements, challenges, goals ahead with a breakdown and comments from each project team, and a high level overview on finances. This would also add value for potential partners and less active followers to get an official insight into the project’s status.
3. Marketing
“Lack of awareness of the project. Recent community products [Data Unions] marketing is good, but it was about 1 to 1.5 years of nothing prior to that.” “There could be more articles just applying Streamr Core to interesting things, interacting with smart contracts etc. I feel we get one integration every 1.5/2 months, but sometimes simpler is better.” “Communicate the vision and the market you’re addressing in a more boastful way.” “More applications for making data something tangible that you show like a footprint to exemplify to no-coiners how much value the average person generates.”
Desire comes through for increased communication from the project, focused on how to apply the Streamr tech and attract a broader audience. The comms team face a continual (and interesting) challenge to strike the right balance between updating followers, attracting devs to build and use Streamr tools, communicating the project’s goals, and generating user awareness for products still in production.
Proposed solution: A comms shift towards adoption and attracting Data Union users outside the current technical and web3 sphere is on the horizon, which will address some of these suggestions.
Further examples of Core in action, perhaps with more accessible canvas templates as starting points, is another possibility in the future.

7. How would you describe Streamr to a stranger?


https://preview.redd.it/3qqpjj6y8aj41.png?width=3224&format=png&auto=webp&s=ce3d9f7157ac403cb5b73f29b2c9352a5bfe9427
It’s great to see so many of you on-message, which is encouraging from a marketing perspective, and it’s also great to understand which elements of the project you put forward independently. As we have also seen in earlier responses, there is a preference for the upcoming Data Unions feature, which was actually added to the Marketplace design after the Streamr project was founded.
Here are a few of our favourite responses:
“An open and permissionless network for the data economy, connecting producers to buyers, not owned by a centralized authority.” “A real-time P2P data network where each participant can control and manage data they produce. Data integrity, authenticity and security is ensured by the blockchain.” “Real-time data layenetwork and marketplace.” “A platform where you can sell and buy data in real time.” “A toolkit for constructing decentralized data streams which buyers and sellers trade in a marketplace.”

8. Where are you located?


https://preview.redd.it/citnndp09aj41.png?width=3224&format=png&auto=webp&s=d586e42d5086df6282f6b4796eb741db235a1127
The most active community members are based in Europe. Other social media analytics show a more balanced follower distribution.

Geographic sample of 5,000 Twitter followers from Followerwonk
9. What’s your professional background (student, developer, designer) and do you have a skill or area of expertise you would like to volunteer to support the project?

https://preview.redd.it/n7ak6wgg9aj41.png?width=3224&format=png&auto=webp&s=ba11d45823de976e0f86da806bbb2875bd9b357a
Developers take the lead by profession, which is understandable because many of the current tools and comms are aimed at those from a technical background. It was nice to see such a broad spectrum of career paths represented, drawn by the goal of a more open real-time data economy.
Thank you to those who offered to contribute their skills. We will be in touch should we require any assistance.
And thank you to all who took the time to complete the survey. Your feedback and support go a long way towards helping Streamr reach its goals.
If you’re not already a part of Streamr’s most popular social channel, what are you waiting for? Please join the community on Telegram to discuss the results, and keep an eye out across all of Streamr’s social media for updates on the proposed solutions and more.
See the original post on Medium
submitted by thamilton5 to streamr [link] [comments]

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